XM-Sirius Deal Still Crawling Along

XM Satellite Radio (XMSR Quote) and Sirius (SIRI Quote) want regulatory clearance, and they want it now.

Analysts say the blame for what has been 13 months of waiting for approval or denial of the planned merger should fall more on the Justice Department than the Federal Communications Commission, although they believe a decision should come soon.

Since the merger agreement between XM and Sirius was announced more than a year ago, XM shares have tumbled more than 25% and Sirius stock has lost 30% as investors continue to wait for both government entities to weigh in. Many observers expect that the Justice Department will be first to move, although no one is sure what they'll eventually say. ...